Thread: Medellin Chit Chat Thread
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08-14-22 17:42 #462
Posts: 307Originally Posted by BbqMushrooms [View Original Post]
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08-02-22 13:39 #461
Posts: 689Originally Posted by BbqMushrooms [View Original Post]
https://www.xe.com/currencycharts/?f...o=COP&view=10Y
So it's a continually depreciating currency overall (10.16% depreciation on average annually). That means short term fluctuations will be overcome by the long-term trend. That means you don't want to buy COP very far in advance even if you could get the short term blip right. Add to that the risk of holding physical cash.
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08-02-22 01:47 #460
Posts: 1089Originally Posted by BbqMushrooms [View Original Post]
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08-01-22 21:21 #459
Posts: 55Originally Posted by Zeos1 [View Original Post]
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08-01-22 20:37 #458
Posts: 1089Originally Posted by BbqMushrooms [View Original Post]
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08-01-22 07:09 #457
Posts: 55How do you capitalize on this in the states?
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07-17-22 22:32 #456
Posts: 651Visa Exchange Rate
Today (Sunday 7/17) and Tomorrow you can pull Colombian pesos at 4,519 to the dollar. The transaction rate (XE rate) looks like it closed around 4,357 on Friday which would suggest that is the rate you will get on Tuesday. So if you need pesos you might want to get them now (or tomorrow).
OH and never forget to decline any bank rate that is offered. That is solely offered to give you a silly option to enrich the bank. If you decline their no so generous offer you will get the Visa Exchange Rate that I've described above.
Some have said this was a waste of energy. OK but here is an example of the relevance. If you are here a week. Let's say you pull 4,500,000 Colombian pesos (the equivalent of about 1,000 US dollars) now. Your plan is to fund your needs for the entire week. If you wait and get the money after the rate falls to 4,350 that same 1,000 US only gets you 4,350,000 Colombian pesos.
That means you saved 150,000. Which is most of the cost of a FB cita or several meals or a couple of casa visits or whatever.
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07-17-22 17:21 #455
Posts: 27Jajaj
This service announcement part made me laugh out loud.
Amazing rate. I need to get back ASAP.
Originally Posted by Villainy [View Original Post]
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07-14-22 17:49 #454
Posts: 1782Originally Posted by Huacho [View Original Post]
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07-14-22 15:17 #453
Posts: 689Originally Posted by JjBee62 [View Original Post]
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07-14-22 02:05 #452
Posts: 651Visa Exchange Rate
Tomorrow you can pull 4,627.45 Colombian Peso / Dollar at the ATMs. This is the highest it has been and based on currency trading results today (Wednesday) the Friday rate will be back to just under 4,500. So if you're thinking of grabing some money, Thursday (before 7 pm) is the time to do it.
This public monger service announcement was brought to you by Villainy.
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07-13-22 23:46 #451
Posts: 689Originally Posted by JjBee62 [View Original Post]
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07-13-22 17:47 #450
Posts: 5466Originally Posted by Huacho [View Original Post]
"Off" lacks a vector, it's positional, not directional. Granted, it's frequently used as you assumed I was using it. That's why it's important to read the entire post to understand the content, instead of focusing on one word taken out of context.
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07-13-22 15:48 #449
Posts: 689Originally Posted by JjBee62 [View Original Post]
Let's assume he finds a source to get COP at 6% off cost".
Perhaps you meant 6% above cost. After I read the above, I'm not sure I even looked at the numbers. Because if you get something at X% "off cost," that's known as a discount.
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07-13-22 11:25 #448
Posts: 5466Originally Posted by Huacho [View Original Post]
Switch to decaf.